ALNY » Topics » Technology License Commitments

This excerpt taken from the ALNY 10-K filed Feb 26, 2010.
Technology License Commitments
 
The Company has licensed from third parties the rights to use certain technologies in its research process as well as in any products the Company may develop including these licensed technologies. In accordance with the related license agreements, the Company is required to make certain fixed payments to the licensor or a designee of the licensor over various agreement terms. Many of these agreement terms are consistent with the remaining lives of the underlying intellectual property that the Company has licensed. At December 31, 2009, the Company was committed to make the following fixed, cancellable payments under existing license agreements, in thousands:
 
         
Year Ending December 31,
     
 
2010
  $ 18,225 (1)
2011
    4,585  
2012
    1,973  
2013
    498  
2014
    543  
Thereafter
    6,823  
         
Total
  $ 32,647  
         
 
 
(1) Includes a potential $10.0 million milestone payable to Isis related to the continuation of the Company’s ssRNAi collaboration. The Company has the unilateral right to terminate the portions of the Amended and Restated Isis Agreement related to ssRNAi before September 30, 2010, in which event any licenses to ssRNAi products granted by Isis to the Company under the Amended and Restated Isis Agreement, and any obligation


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Table of Contents

 
ALNYLAM PHARMACEUTICALS, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
thereunder by the Company to pay milestone payments to Isis for such ssRNAi products, would also terminate. The remainder of the Amended and Restated Isis Agreement would remain in full force and effect.
 
These excerpts taken from the ALNY 10-K filed Mar 2, 2009.
Technology License Commitments
 
The Company has licensed from third parties the rights to use certain technologies in its research process as well as in any products the Company may develop including these licensed technologies. In accordance with the related license agreements, the Company is required to make certain fixed payments to the licensor or a designee of the licensor over various agreement terms. Many of these agreement terms are consistent with the remaining lives of the underlying intellectual property that the Company has licensed. At December 31, 2008, the Company was committed to make the following fixed license payments under existing license agreements, in thousands:
 
         
Year Ending December 31,
     
 
2009
  $ 3,612  
2010
    2,552  
2011
    2,539  
2012
    1,507  
2013
    415  
Thereafter
    5,700  
         
Total
  $ 16,325  
         
 
Technology
License Commitments



 



The Company has licensed from third parties the rights to use
certain technologies in its research process as well as in any
products the Company may develop including these licensed
technologies. In accordance with the related license agreements,
the Company is required to make certain fixed payments to the
licensor or a designee of the licensor over various agreement
terms. Many of these agreement terms are consistent with the
remaining lives of the underlying intellectual property that the
Company has licensed. At December 31, 2008, the Company was
committed to make the following fixed license payments under
existing license agreements, in thousands:


 




















































































         


Year Ending December 31,


 

 

 
 


2009


 

$

3,612

 


2010


 

 

2,552

 


2011


 

 

2,539

 


2012


 

 

1,507

 


2013


 

 

415

 


Thereafter


 

 

5,700

 

 

 

 

 

 


Total


 

$

16,325

 

 

 

 

 

 






 




These excerpts taken from the ALNY 10-K filed Mar 10, 2008.
Technology License Commitments
 
The Company has licensed the rights to use certain technologies in its research process as well as in any products the Company may develop including these licensed technologies. In accordance with the related license agreements, the Company is required to make certain fixed payments to the licensor or a designee of the licensor over various agreement terms. Many of these agreement terms are consistent with the remaining lives of the underlying intellectual property that the Company has licensed. At December 31, 2007, the Company was committed to make the following fixed license payments under existing license agreements, in thousands:
 
         
Year Ending December 31,
     
 
2008
  $ 516  
2009
    316  
2010
    351  
2011
    356  
2012
    406  
Thereafter
    4,687  
         
Total
  $ 6,632  
         
 
In January 2007, Tekmira Pharmaceuticals Corporation (“Tekmira”), formerly Inex Pharmaceuticals, Inc., granted the Company an exclusive license to its liposomal delivery formulation technology for the discovery, development and commercialization of RNAi therapeutics. In connection with Tekmira’s license grant, the Company agreed to make available to Tekmira a $5.0 million loan for capital equipment expenditures related to manufacturing services performed by Tekmira beginning in 2008.
 
Technology
License Commitments



 



The Company has licensed the rights to use certain technologies
in its research process as well as in any products the Company
may develop including these licensed technologies. In accordance
with the related license agreements, the Company is required to
make certain fixed payments to the licensor or a designee of the
licensor over various agreement terms. Many of these agreement
terms are consistent with the remaining lives of the underlying
intellectual property that the Company has licensed. At
December 31, 2007, the Company was committed to make the
following fixed license payments under existing license
agreements, in thousands:


 




















































































         


Year Ending December 31,


 

 

 
 


2008


 

$

516

 


2009


 

 

316

 


2010


 

 

351

 


2011


 

 

356

 


2012


 

 

406

 


Thereafter


 

 

4,687

 

 

 

 

 

 


Total


 

$

6,632

 

 

 

 

 

 






 



In January 2007, Tekmira Pharmaceuticals Corporation
(“Tekmira”), formerly Inex Pharmaceuticals, Inc.,
granted the Company an exclusive license to its liposomal
delivery formulation technology for the discovery, development
and commercialization of RNAi therapeutics. In connection with
Tekmira’s license grant, the Company agreed to make
available to Tekmira a $5.0 million loan for capital
equipment expenditures related to manufacturing services
performed by Tekmira beginning in 2008.


 




This excerpt taken from the ALNY 10-K filed Mar 12, 2007.
Technology License Commitments
 
The Company has licensed the rights to use certain technologies in its research process as well as in any products the Company may develop including these licensed technologies. In accordance with the related license agreements, the Company is required to make certain fixed annual payments to the licensor or a designee of the licensor over various agreement terms. Many of these agreement terms are consistent with the remaining lives of the underlying intellectual property that the Company has licensed. At December 31, 2006, the Company was committed to make the following fixed license payments under existing license agreements, in thousands:
 
         
Year Ending December 31,
     
 
2007
  $ 488  
2008
    493  
2009
    498  
2010
    520  
2011
    525  
Thereafter
    5,630  
         
Total
  $ 8,154  
         
 
This excerpt taken from the ALNY 10-K filed Mar 16, 2006.
Technology License Commitments
 
The Company has licensed the rights to use certain technologies in its research process as well as in any products the Company may develop including these licensed technologies. In accordance with the related license agreements, the Company is required to make certain fixed annual payments to the licensor or a designee of the licensor over various agreement terms. Many of these agreement terms are consistent with the remaining lives of the underlying intellectual property that the Company has licensed. At December 31, 2005, the Company was committed to make the following fixed license payments under existing license agreements, in thousands:
 
         
Year Ending December 31,
     
 
2006
  $ 335  
2007
    335  
2008
    335  
2009
    335  
2010
    335  
Thereafter
    3,660  
         
Total
  $ 5,335  
         
 
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